The Budget

Swannie’s done well for his first budget. There’s really not much I can say. All the decisions seem pretty sensible. The investment funds also seem to be a good idea, expanding on HEEF, the Telecom Fund and so on.

Now to see how Nelson and Turnbull respond. Oh, he’s on now. Oh, he’s spending more is he? Please explain. Spending on Howard-era programs being cut? How very unexpected. Increasing taxes that mostly affect the rich? Well, to me, that’s a good idea, when he’s cutting income taxes that affect the less wealthy.

The only real criticism I can make is the lack of funds for climate change. $2.3bn isn’t very much, unfortunately. I would have also thought a Climate Change Fund would be useful, and means-testing the solar rebate probably isn’t worth the savings.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: